Pictet AM unveils sustainable emerging debt blend fund

Ridhima Sharma
Pictet AM unveils sustainable emerging debt blend fund

Pictet Asset Management has announced the launch of Sustainable Emerging Debt Blend fund on the 16 September 2019. 

The fund will invest in hard and local currency bonds from emerging countries. Its aim is to achieve returns of over 2% (gross of fees) above a customised benchmark1 of 50% JP Morgan ESG GBI-EM Global Diversified index and 50% JP Morgan ESG EMBI Global Diversified index. 

The Pictet-Sustainable Emerging Debt Blend fund is managed by Mary-Therese Barton, head of Emerging Debt, and her team of 21 Emerging Debt specialists located in London and Singapore. While Pictet has been managing blend segregated accounts since 2010, the strategy is now being offered for the first time as a Ucits compliant, Luxembourg domiciled, mutual fund. 

To reinforce their ESG analysis of EM economies, the team has established a partnership with EMpower, an emerging market focused not-for-profit foundation. The insights gathered by EMpower and its network will be integrated into Pictet Asset Management's own investment thinking, focusing on countries where they have programmes to bring about positive social change. The aim is to facilitate a dialogue with policy-making institutions and central banks. 

The new fund offers daily liquidity and daily pricing. It is registered for sale in Great Britain, other countries to follow in due course.